Modine Manufacturing Company (MOD) Investor presentation summary

Vision, mission, and values

• Focus on evolving a portfolio of highly engineered, mission-critical thermal solutions.

• Purpose centers on engineering a cleaner, healthier world by reducing water and energy consumption, lowering emissions, and improving indoor air quality.

• Values emphasize integrity, people-centric culture, technology-driven innovation, results orientation, and teamwork.

Business overview and segments

• FY2024 sales reached $2.4B with $314M adjusted EBITDA, operating 38 facilities in 14 countries and employing ~11,400 people.

• Two main segments: Performance Technologies (54% of revenue) and Climate Solutions (46%).

• Performance Technologies focuses on air- and liquid-cooled applications and advanced solutions for fuel economy and emissions reduction.

• Climate Solutions delivers energy-efficient HVAC, refrigeration, and data center cooling products.

Financial performance and outlook

• Adjusted EBITDA margin improved from 7.7% in FY2022 to 13.1% in FY2024.

• FY2025 outlook projects 6–11% revenue growth and adjusted EBITDA of $375M–$395M.

• Free cash flow increased to $127M in FY2024, with net debt reduced to $327M and leverage ratio at 1.2x.

• FY2027 targets: 10–13% revenue CAGR and 16–18% adjusted EBITDA margin.